Financial Education in Secondary Schools 2022-11-28
2022-11-28
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The question is prompted by a general concern about ensuring students are prepared for real-world financial challenges.
What steps she is taking to promote financial education in secondary schools. In conversation with my local Jobcentre Plus team earlier this year, I was told that the No. 1 thing missing for school leavers is employability skills, which are partly about understanding finances, bank accounts, loans, credit cards and taxes—all the stodgy, boring, grown-up stuff.
I agree that understanding finances is essential; I learned that myself in my Saturday job at St John's market, where I worked in a shop from the age of 13. Education on financial matters also provides an opportunity to teach about fraud. Pupils receive financial education throughout the national curriculum in mathematics and citizenship; for pupils of secondary school age, that includes compulsory content covering the functions and uses of money, financial products and services, and the need to understand financial risk.
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Assessment & feedback
Did not provide specific steps or funding details regarding financial education promotion in secondary schools.
Response accuracy
Q2
Partial Answer
▸
Context
The question is prompted by a general concern about ensuring students are prepared for real-world financial challenges.
In conversation with my local Jobcentre Plus team earlier this year, I was told that the No. 1 thing missing for school leavers is employability skills, which are partly about understanding finances, bank accounts, loans, credit cards and taxes—all the stodgy, boring, grown-up stuff. Does my right hon. Friend agree that making sure that school leavers are equipped with information about those things will stop them getting into financial difficulty as young adults and will set them up well for the future?
I agree that understanding finances is essential; I learned that myself in my Saturday job at St John's market, where I worked in a shop from the age of 13. Education on financial matters also provides an opportunity to teach about fraud. Pupils receive financial education throughout the national curriculum in mathematics and citizenship; for pupils of secondary school age, that includes compulsory content covering the functions and uses of money, financial products and services, and the need to understand financial risk.
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Assessment & feedback
Did not provide specific steps or funding details regarding financial education promotion in secondary schools.
Response accuracy